The Ontario government is investing an additional $12 million in auto parts companies through the next phase of the Ontario Automotive Modernization Program (O-AMP) to boost competitiveness and position Ontario as a North American hub for building the car of the future.
Funding awarded since the launch of O-AMP in 2019 has leveraged $22.2 million in industry investments.
O-AMP is a centrepiece of the recently launched Phase 2 of Driving Prosperity: The Future of Ontario’s Automotive Sector. The next phase of the 10-year plan will help Ontario’s auto sector pivot to producing the automotive technologies of the future, including the next generation of electric vehicles and the electric batteries those vehicles need. Phase 2 positions Ontario as a North American leader in developing and building the vehicle of the future through emerging technologies and advanced manufacturing processes.